Bank of America Hires JPMorgan’s Alan Todd for CMBS Research

Todd, 38, who will be based in New York, will report to
Chris Flanagan, the head of U.S. mortgages and structured
finance research, Bank of America said today in a statement
distributed by Business Wire.

Todd had headed U.S. commercial mortgage-backed-securities
research at JPMorgan since 2005, according to the statement. Ed
Reardon, who has been with JPMorgan since 2000, will take the
role of lead CMBS strategist, according to bank spokeswoman
Sarah Stipicevic. He previously focused on non-agency mortgage-
backed securities.